Bucket Protocol BUCK Stablecoin
BUCK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Bucket Protocol BUCK was designed as an over-collateralized USD-pegged CDP stablecoin on the Sui blockchain. A critical finding across the evaluations is that BUCK as a stablecoin has been deprecated and migrated; a 2025 protocol migration transitioned the primary stablecoin role to USDB (with 1:1 swaps), repurposing BUCK as an LST index token. Consequently, development on BUCK itself has ceased, though parent protocol development on successor products continues (Active Development had insufficient data for BUCK standalone and was excluded from the weighted score calculation). Community support is very weak (1.5/10) with negligible verifiable engagement or governance participation. Tokenomics (3.5/10) and Market & Use Case (4.5/10) suffer from low trading volume, concentrated Sui DEX liquidity, direct substitution risk from USDB, and an anonymous founding team. Team & Governance (3.5/10) reflects the anonymous team and inactive tokenholder governance. On security (7.0/10), Bucket Protocol holds a verified OtterSec audit and an active HackenProof bug bounty with no recorded protocol exploits. Due to the deprecation and migration of BUCK to USDB, the token receives an Avoid recommendation.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Bucket Protocol BUCK Stablecoin (BUCK)
Bucket Protocol BUCK (BUCK) is a deprecated over-collateralized stablecoin on the Sui blockchain that migrated its primary stablecoin function to USDB in 2025. Originally introduced as a native collateralized debt position (CDP) asset offering USD-pegged zero-interest loans, BUCK was phased out via 1:1 swaps following a protocol migration that established USDB as the primary stablecoin and repurposed BUCK as a liquid staking token (LST) index token. While development continues on successor assets within Bucket Protocol, development for BUCK in its stablecoin capacity has ceased.
On the Sui network, BUCK operated with no fixed maximum supply and a circulating supply of approximately 26 million tokens. In addition to CDP borrowing, its mechanisms included a Peg Stability Module (PSM) and yield generation through sBUCK. Governance for the protocol was structured around the BUT and deBUT tokens. Bucket Protocol's smart contracts underwent an audit by OtterSec in June 2023, and the project maintains a bug bounty program on HackenProof.
Key risks and structural concerns include substitution risk from USDB, thin trading volumes concentrated exclusively on Sui decentralized exchanges, and an anonymous founding team with inactive on-chain governance participation. Although the token has generally traded near its peg, it has experienced pricing anomalies, including an upward deviation to an all-time high of $1.23 on October 10, 2025.